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International Banking Act

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International Banking Act
Legislation in the United States, passed in 1978, that requires American branches of foreign banks to abide by the same regulations as U.S. banks. While this increases regulation by mandating capital adequacy requirements and so forth, it provides FDIC insurance to foreign banks.


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Bank"), Bogota Colombia, a foreign bank within the meaning of the International Banking Act ("IBA"), has applied under section 7(d) of the IBA (1) to establish a branch in Miami, Florida, through the conversion of its wholly owned subsidiary, Bancafe International ("Bancafe"), a corporation organized under section 25A of the Federal Reserve Act (Edge Act corporation).
Patrikis has also served as Deputy General Counsel and an alternate member of the Federal Open Market Committee, a staff member of the President's Working Group on Financial Markets that was created in the aftermath of the 1987 financial markets crisis, a member of the Committee on Payments and Settlement Systems of the G-10 central bank governors, legal advisor to the Basel Committee on Banking Supervision, and one of the principal drafters of the US International Banking Act of 1978.
She authored more than 100 major laws, including the Florida International Banking Act, the Health Care Reform Act, and the Community Care for the Elderly Act, Tourism Marketing Act, Florida Public Transportation Act, Florida Emergency Management Act and the Law Enforcement Protection Act.
 
International Banking Act
 
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